Misys Successfully Completes SAS 70 Examinations for its Solutions
Poster: SySAdmin
Posted on April 4, 2011 at 2:35:01 AM
Misys Successfully Completes SAS 70 Examinations for its Solutions
LONDON, April 4, 2011/PRNewswire-FirstCall/ -- Misys plc (LSE: MSY), the global application software and
services company, today announces that it has recently completed SAS 70
examinations for a variety of its hosted solutions.
AICPA's Statement on Auditing Standards No. 70 (SAS 70) Type
II examinations were performed for Misys Confirmation Matching Service(TM)
and Misys Opics Plus(TM). In its first months of operation, the hosted
services delivery option for Misys Loan IQ(TM) successfully completed a Type
I examination. The increased number of solutions that were covered by the
latest annual examinations underlines our commitment to provide Misys
customers and their auditors with information and assurance regarding the
controls and safeguards of our hosted solutions.
Misys processes, procedures and controls were formally
evaluated and tested by the independent accounting and auditing firm of Ernst
& Young LLP. The examinations included assessing, and in the case of Type II
also testing, controls related to logical access to systems, programs and
data, change management; processing controls, environmental controls and
physical security.
A SAS 70 examination is widely recognised because it proves that a
service organisation has been through an evaluation of its control activities
as such controls relate to an audit of the financial statements of its
customers. Type II reports not only include the service organisation's
description of controls, but also include detailed testing of the design and
operating effectiveness of that service organisation's controls.
Hach Hashasian, Senior Director, SaaS Compliance & Quality Assurance at
Misys, states: "Having completed these three SAS 70 examinations, the
management teams at our customers have assurance on the design and operating
effectiveness of the controls at Misys relating to our hosted solutions. This
level of compliance provides our customers with cost savings while also
reinforcing the value of the people, processes and technology that are at the
heart of Misys' software-as-a-service (SaaS) business model."
Misys is committed to providing high quality, best practice operations in
its expanded SaaS delivery and undertaking annual SAS 70 examinations is, in
part, evidence of that commitment.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to financial services organisations. We
maximise value for our customers by combining our deep knowledge of their
business with our commitment to their success.
Misys is a market leader with over 1,300 customers, including all of the
world's top 50 banks. Misys employs approximately 4,000 people and works with
over 100 partners globally who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
Working with our extensive partner network, together we create compelling
solutions enabling our customers to differentiate themselves and drive a
competitive edge.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
+44(0)20-3320-5530
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Source: Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys, +44(0)20-3320-5530, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
LONDON, April 4, 2011/PRNewswire-FirstCall/ -- Misys plc (LSE: MSY), the global application software and
services company, today announces that it has recently completed SAS 70
examinations for a variety of its hosted solutions.
AICPA's Statement on Auditing Standards No. 70 (SAS 70) Type
II examinations were performed for Misys Confirmation Matching Service(TM)
and Misys Opics Plus(TM). In its first months of operation, the hosted
services delivery option for Misys Loan IQ(TM) successfully completed a Type
I examination. The increased number of solutions that were covered by the
latest annual examinations underlines our commitment to provide Misys
customers and their auditors with information and assurance regarding the
controls and safeguards of our hosted solutions.
Misys processes, procedures and controls were formally
evaluated and tested by the independent accounting and auditing firm of Ernst
& Young LLP. The examinations included assessing, and in the case of Type II
also testing, controls related to logical access to systems, programs and
data, change management; processing controls, environmental controls and
physical security.
A SAS 70 examination is widely recognised because it proves that a
service organisation has been through an evaluation of its control activities
as such controls relate to an audit of the financial statements of its
customers. Type II reports not only include the service organisation's
description of controls, but also include detailed testing of the design and
operating effectiveness of that service organisation's controls.
Hach Hashasian, Senior Director, SaaS Compliance & Quality Assurance at
Misys, states: "Having completed these three SAS 70 examinations, the
management teams at our customers have assurance on the design and operating
effectiveness of the controls at Misys relating to our hosted solutions. This
level of compliance provides our customers with cost savings while also
reinforcing the value of the people, processes and technology that are at the
heart of Misys' software-as-a-service (SaaS) business model."
Misys is committed to providing high quality, best practice operations in
its expanded SaaS delivery and undertaking annual SAS 70 examinations is, in
part, evidence of that commitment.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to financial services organisations. We
maximise value for our customers by combining our deep knowledge of their
business with our commitment to their success.
Misys is a market leader with over 1,300 customers, including all of the
world's top 50 banks. Misys employs approximately 4,000 people and works with
over 100 partners globally who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
Working with our extensive partner network, together we create compelling
solutions enabling our customers to differentiate themselves and drive a
competitive edge.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
+44(0)20-3320-5530
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Source: Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys, +44(0)20-3320-5530, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com